According to a report by Golden Finance, Coinbase's trading volume in the second quarter reached an impressive $226 billion, although this figure was down from $312 billion in the previous quarter, it still exceeded analysts' expectations. Faced with such market performance, Coinbase CEO Brian Armstrong stated that the company is exploring new growth points, one of which is the launch of a crypto index fund called Coinbase 500. He believes that by establishing such a fund, it can better serve retail users and provide them with safer and more convenient channels for investing in crypto assets. However, Armstrong also emphasized the regulatory challenges faced in launching a crypto index fund, and he called on policymakers to provide a more friendly policy environment to promote the healthy development of the crypto market.